Lightrock Netherlands B.V. Sells 24,901 Shares of Lumentum Holdings Inc. $LITE

Lightrock Netherlands B.V. trimmed its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 328,555 shares of the technology company’s stock after selling 24,901 shares during the period. Lumentum accounts for about 7.2% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its largest position. Lightrock Netherlands B.V. owned about 0.47% of Lumentum worth $31,232,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LITE. Skandinaviska Enskilda Banken AB publ acquired a new stake in Lumentum in the 1st quarter valued at about $25,000. Golden State Wealth Management LLC grew its stake in Lumentum by 103.2% in the 1st quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company’s stock valued at $32,000 after acquiring an additional 260 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Lumentum in the 2nd quarter valued at about $38,000. SVB Wealth LLC acquired a new stake in Lumentum in the 1st quarter valued at about $40,000. Finally, Advisors Asset Management Inc. grew its stake in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after acquiring an additional 254 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lumentum

In other news, SVP Jae Kim sold 4,507 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $116.88, for a total transaction of $526,778.16. Following the transaction, the senior vice president directly owned 33,465 shares in the company, valued at $3,911,389.20. This represents a 11.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Yuen Wupen sold 3,282 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $119.25, for a total transaction of $391,378.50. Following the transaction, the insider owned 104,554 shares in the company, valued at approximately $12,468,064.50. The trade was a 3.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,439 shares of company stock valued at $2,206,997. Insiders own 0.43% of the company’s stock.

Lumentum Trading Up 2.4%

Shares of LITE stock opened at $198.39 on Wednesday. The firm has a market cap of $14.07 billion, a P/E ratio of 862.57 and a beta of 1.42. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $206.91. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18. The firm’s 50-day simple moving average is $155.37 and its 200-day simple moving average is $109.73.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The business had revenue of $480.70 million for the quarter, compared to analyst estimates of $465.27 million. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The company’s revenue was up 55.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on LITE. Wolfe Research began coverage on shares of Lumentum in a research note on Tuesday, August 12th. They issued an “outperform” rating on the stock. Morgan Stanley upped their target price on shares of Lumentum from $100.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, October 10th. Raymond James Financial upped their target price on shares of Lumentum from $125.00 to $145.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 13th. KGI Securities began coverage on shares of Lumentum in a report on Monday, August 18th. They issued an “outperform” rating on the stock. Finally, B. Riley upped their target price on shares of Lumentum from $73.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.07.

Lumentum Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.